25 E Kensington Ave - Storefront FOR SALE


Salt Lake City, UT 84115- People's Freeway
$2,500,000 USD
801-201-8175
25 E Kensington Ave, Salt Lake City, UT for Sale
$2,500,000 USD
Storefront - FOR SALE
1/16
null | 6.53% Cap Rate

25 E Kensington Ave
Salt Lake City, UT 84115
People's Freeway


OVERVIEW

A turnkey retail investment opportunity in Salt Lake City's thriving Ballpark neighborhood. This 8,200 SF multi-tenant property is 100% occupied with 7 established tenants — including a café, barbershop, tattoo studios, massage, and a lounge — generating $163,193 in annual NOI on gross rental income of nearly $198,000. Major capital improvements have already been completed, offering investors stabilized cash flow with minimal near-term capex concerns. Off-street parking, MU-11 zoning, and a walkable location minutes from Downtown SLC make this an attractive long-term hold in a neighborhood seeing continued residential and commercial growth. "Owner/Agent"

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

6.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Salt Lake City Retail/Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

CC

APN/PARCEL ID

16-18-104-014-0000

ASK ABOUT THIS PROPERTY

Jonah HornsbyAlign Complete Real Estate ServicesMore Info
801-201-8175

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Jonah HornsbyAlign Complete Real Estate ServicesMore Info
801-201-8175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.